13 December Federal Rule change endorsed by Executive Committee December 13, 2017 By Reef Admin General, REEF management 0 On 1 December 2017, the Executive Committee unanimously endorsed a Rule change, which has now been lodged with the Fair Work Commission for its approval. The Rule change has been strongly recommended by the Australian Taxation Office and is primarily concerned with protecting REEF's status as a not-for-profit association. Should members have concerns or wish to seek clarification about the change, please do not hesitate to contact me. BRYAN WILCOX Chief Executive Officer Federal Rule change Delete the current Rule 43(3) of the Federation's Rules and insert in lieu thereof the following: 43. Dissolution (3) In the event of the organisation being dissolved, the amount that remains after such dissolution and the satisfaction of all debts and liabilities shall be transferred to another organisation with similar purposes which is not carried on for profit or gain of its individual members. Related Federal Rule changes endorsed by Executive Committee On 16 December 2016, the Executive Committee unanimously endorsed a number of Rule changes, which have now been lodged with the Fair Work Commission for its approval. New REEF Management Committee elected The Australian Electoral Commission recently conducted elections for the 2017-18 REEF Committee of Management. Congratulations to those members elected to the Committee. Changes to annual leave provisions now in play In an important decision by the Fair Work Commission, annual leave provisions in modern awards have been varied to provide greater administrative flexibility. The changes apply from the first pay period on or after 29 July 2016. Notifying NSW Fair Trading about change of employment Do you know what your obligations are when it comes to notifying NSW Fair Trading about an employee joining or leaving your agency? We asked the regulator for clarification. REEF President gives annual report at AGM At the recent AGM, REEF President Fred Andriessen presented his first annual report to members and shared some of REEF's big wins during 2016. Real Estate Industry Award: Out with the old, in with the new After a long battle, the Fair Work Commission has now finalised the four-year award review and the new Real Estate Industry Award will commence on 2 April 2018. Here's what you need to know before the changes kick in. Comments are closed.